Genesee Valley Trust Co. Has $638,000 Stake in Archer Daniels Midland Co. (ADM)
Genesee Valley Trust Co. raised its position in shares of Archer Daniels Midland Co. (NYSE:ADM) by 2.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 14,868 shares of the company’s stock after buying an additional 349 shares during the period. Genesee Valley Trust Co.’s holdings in Archer Daniels Midland were worth $638,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in ADM. Independent Portfolio Consultants Inc. boosted its stake in Archer Daniels Midland by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,055 shares of the company’s stock worth $174,000 after buying an additional 250 shares during the period. Stralem & Co. Inc. purchased a new stake in shares of Archer Daniels Midland during the second quarter valued at approximately $202,000. Raymond James Trust N.A. purchased a new stake in shares of Archer Daniels Midland during the second quarter valued at approximately $203,000. Associated Banc Corp purchased a new stake in shares of Archer Daniels Midland during the first quarter valued at approximately $205,000. Finally, IFP Advisors Inc boosted its stake in shares of Archer Daniels Midland by 94.9% in the first quarter. IFP Advisors Inc now owns 6,470 shares of the company’s stock valued at $235,000 after buying an additional 3,151 shares during the last quarter. 72.78% of the stock is currently owned by institutional investors.
Archer Daniels Midland Co. (NYSE:ADM) traded down 0.07% during trading on Tuesday, reaching $42.15. 2,381,152 shares of the company’s stock traded hands. The company has a market cap of $24.52 billion, a P/E ratio of 17.05 and a beta of 1.08. The firm’s 50 day moving average is $43.39 and its 200 day moving average is $40.87. Archer Daniels Midland Co. has a 12 month low of $29.86 and a 12 month high of $47.03.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The firm had revenue of $15.63 billion for the quarter, compared to the consensus estimate of $16.57 billion. Archer Daniels Midland had a return on equity of 6.88% and a net margin of 2.35%. Archer Daniels Midland’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share. Analysts anticipate that Archer Daniels Midland Co. will post $2.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.85%. Archer Daniels Midland’s dividend payout ratio is 48.58%.
Several brokerages recently commented on ADM. Vetr raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 target price on the stock in a report on Tuesday, September 6th. Argus raised Archer Daniels Midland from a “hold” rating to a “buy” rating and boosted their target price for the stock from $43.93 to $54.00 in a report on Thursday, August 4th. Stephens reissued a “hold” rating on shares of Archer Daniels Midland in a report on Monday, June 6th. BB&T Corp. began coverage on Archer Daniels Midland in a report on Tuesday, July 12th. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th. Eleven analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.07.
In other Archer Daniels Midland news, insider Ambrose Michael D sold 41,525 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $45.00, for a total transaction of $1,868,625.00. Following the sale, the insider now directly owns 198,028 shares of the company’s stock, valued at $8,911,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.15% of the company’s stock.
Archer Daniels Midland Company Profile
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